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ATM card
An Automatic Teller Machine card works like a debit card, with the difference being, you use it in a cash machine by punching in your code number. Debit cards are similar to credit cards for making purchases except that the charges are deducted immediately from your checking account. An ATM card looks different from a credit card without any Visa or MC logo and can only be used for making cash withdrawals from ATMs.
The advantage of an ATM card is reduced risk in case of loss as uit cannot be used by any body to withdraw money from your account as they won’t have your Personal Identification Number (PIN). Banks also usually have a limit for the amount of cash that can be withdrawn with an ATM card in a single day. With a Visa or MasterCard, on the other hand, a thief can wipe your account clean with just one purchase. Credit card info.com reports:
An ATM (automatic teller machine) card is a form of debit card but you use it in a cash machine by punching in your code number. Clear as mud? Try this: a "debit card" looks very much like a credit card and is treated like a credit card by most merchants but the charge is immediately deducted from your checking account. An ATM card looks nothing like a credit card, has no Visa or MC logos on it, and is only good for making cash withdrawals from your checking account at cash machines. Better?
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